+ + Annual Report [2012 – 2013]

+
Treasurer’s Report
It is a great privilege for me to place before you the financial report
of VRO, once again, for the year 2012-­‐13. First of all, I take this
opportunity to present you the abridged financial statements along
with the auditor’s report. While the report along with the financial
statements is in your hand, I would like to highlight some of the
findings along with the concerns:
VRO could maintain almost the same over-­‐all turn-­‐over from
120 Million INR to 117.5 Million INR. It has been made possible
due to the major shift of our direction to cluster-­‐based
interventions with an integrated approach and in rejuvenating
our partnership with the old-­‐timers. Operational team deserves
an appreciation for having made it possible.
Contributions (Donors, local and villagers) have increased by
23.16% from 34.440 Million INR in the previous year to 42.415
Million INR. The break-­‐up of these contributions of the
reporting period is as follows:
- Overseas Donors 40.866 Million INR
- Local Contributions 1.549 Million INR
This is a tremendous increase while the voluntary sector is
struggling hard to continue the programmes due to the financial
crises all over the World.
Among the overseas donors, top four donors were appreciated
for their major contributions and their generous support is
placed on record:
- SWIVRO, Switzerland to the tune of 14.446 Million INR with
35.35% of the over-­‐all share and continuous efforts of Ms.
Christine to make it possible are praiseworthy.
- E-­‐Klub, Austria to the tune of 8.730 Million INR with 21.36%
of over-­‐all share and efforts of Dr. Robert Wychera are
highly commendable.
- Indien Hilfe, Kelkheim, Germany to the tune of 6.371 Million
INR with 15.59% of the over-­‐all share and their efforts are
appreciated.
- Sonnenhaus, Germany to the tune of 3.792 Million INR with
9.28% of the over-­‐all share and their efforts are
appreciated.
- Missions Prokur, Nurnberg, Germany to the tune of 3.121
Million INR with 7.64% of the over-­‐all share is laudable.
- BIVRO, Belgium to the tune of 2.649 Million INR with 6.48%
of the over-­‐all share is well appreciated.
Similarly, other Income comprising of Bank
Interest, etc. has been increased by 61.72%
from 4.183 Million INR to 6.765 Million INR.
It is because the bank interest is realised on
our Fixed Deposits in this financial year.
Administrative expenses have come down by
16.58% compared to the previous year from
12.09 Million INR to 10.09 Million INR.
Rural Development expenses have slightly
come down by 8.41% from 39.659 Million
INR in the previous year to 36.322 Million
INR during this year. It is due to
consolidating sector-­‐based interventions and
shift to cluster-­‐based action in a
comprehensive manner.
There is an excess of income over
expenditure to the tune of 2.232 Million INR
during the year contrary to the excess of
expenditure over income in the previous
year.
Having assured in the last General Body meeting
by the Operational Director Fr. Peter Daniel
along with the Associate Director Fr. Santiago, I
am glad to state that all the projects have been
covered in the current year. At this juncture, I
assure the Operational Team and the Members
that I shall continue to contribute in
strengthening the systems and reports
mechanism periodically from the Accounts and
Finance Sector with effective budget controlling
techniques. Finance sector will play a supportive
role to the Operational Team in achieving the
project goals with better tools and techniques.
Thank you,
J. Ranga Rao, Treasurer -­‐ GoB
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